Coronavirus: How much COVID-19 is costing the UK government

Uploaded by Michael Fitzgerald on May 23, 2020 at 12:14 am

The government borrowed a record £62bn last month to pay for the ballooning costs of the COVID-19 pandemic – especially the job retention scheme.

This is almost three times higher than the amount borrowed in April 2012 during the last economic recession.

Sources of government revenue – like VAT receipts – have fallen as consumers spend less on household goods and clothing.

#coronavirus #covid19 #uk

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